MUSCAT: Oman is not going to increase benchmark interest rates
although four Gulf states did so, following the US Federal Reserve's interest rate hike last week.
TOKYO, Oct 23 (KUNA) -- China's central bank said Friday it will cut benchmark interest rates
and the reserve requirement ratio for banks in an attempt to revive slowing economic growth.
This comes amid signals by the Bangko Sentral ng Pilipinas (BSP) that benchmark interest rates
would be kept on hold in the coming months to allow previous increases to work their way into the economy.
In July, the banking company was fined USD370m for attempting to manipulate benchmark interest rates
, including the LIBOR.
THREE former employees of Barclays have been charged in relation to the alleged manipulation of Libor benchmark interest rates
stocks fell Wednesday for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank's stimulus program could end this fall and benchmark interest rates
could rise six months later.
s Financial Services Authority (FSA) over allegations of attempting to manipulate and making false reports concerning global benchmark interest rates
, LIBOR and EURIBOR.
This was the second time that Chinas central bank raised the benchmark interest rates
this year and the fourth such increase since the start of last year.
Taiwan's central bank has raised its benchmark interest rates
Summary: Rising borrowing costs may become a major hurdle Australia's nascent economic recovery in the months ahead: while the RBA has kept benchmark interest rates
As benchmark interest rates
dip to multidecade lows, investors are piling their cash into higher yielding securities.
Superintendent of Financial Services Benjamin Lawsky noted that "Deutsche Bank employees engaged in a widespread effort to manipulate benchmark interest rates
for financial gain.